Elektrobit Oyj - Notice to convene extr.general meeting

NOTICE TO THE GENERAL MEETING OF ELEKTROBIT CORPORATION

STOCK EXCHANGE RELEASE
Free for publication on November 7, 2013 at 8.00 a.m. (CET+1)

NOTICE TO THE GENERAL MEETING OF ELEKTROBIT CORPORATION


Notice   is   given   to  the  shareholders  of  Elektrobit  Corporation  to  an
Extraordinary  General Meeting to be held on Wednesday December 4, 2013 at 1.00
p.m.  at the University  of Oulu, Saalastinsali,  at the address Pentti Kaiteran
katu  1, 90570 Oulu, Finland. The  reception of persons  who have registered for
the  General Meeting  and the  distribution of  voting tickets  will commence at
12.30 p.m.

A. MATTERS ON THE AGENDA OF THE GENERAL MEETING


At the General Meeting, the following matters will be considered:

1. Opening of the meeting


2. Calling the meeting to order


3. Election  of persons to scrutinize the  minutes and to supervise the counting
of votes


4. Recording the legality of the meeting


5. Recording the attendance at the meeting and adoption of the list of votes


6. The Proposal by the Board of Directors for the distribution of funds from the
invested non-restricted equity fund

The  Board of Directors proposes to the General Meeting that on the basis of the
financial  statements  adopted  for  the  financial  period  ended  on  December
31, 2012, funds  from the invested non-restricted  equity fund be distributed to
shareholders  as a repayment of capital, with the capital repayment amounting to
EUR 0,11 per share. The aggregate amount of the distribution based on the number
of  shares as of the date of this  notice to General Meeting would amount to EUR
14,269,241.80. The repayment of capital will be paid to shareholders recorded in
the  company's  register  of  shareholders  on  the  record  date of the capital
repayment,   December   10, 2013. The  Board  of  Directors  proposes  that  the
distributable amount will be paid on December 17, 2013.

As  a result of the capital repayment the subscription prices of shares pursuant
to  the series  2008A-C stock  options will  be reduced  with the  amount of the
capital  repayment per  share on  the record  date of  the capital  repayment in
accordance with the terms of the stock options.

7. Decision making order

8. Closing of the meeting


B. DOCUMENTS OF THE GENERAL MEETING


The  proposal on the  agenda of the  Extraordinary General Meeting, this notice,
and  the documents referred to in chapter 5, section 21 of the Finnish Companies
Act,  are available on Elektrobit Corporation's website at www.elektrobit.com on
November  13, 2013 at the latest. The proposal  for decision and other documents
mentioned  above  are  also  available  at  the General Meeting. Copies of these
documents  and of  this notice  will be  sent to  shareholders upon request. The
minutes  of the General Meeting will be available on the above-mentioned website
as from December 18, 2013, at the latest.

C. INSTRUCTIONS FOR THE PARTICIPANTS IN THE GENERAL MEETING


1. Shareholders registered in the shareholders' register


Each   shareholder,  who  is  registered  on  Friday  November  22, 2013 in  the
shareholders'  register of  the company  held by  Euroclear Finland Ltd, has the
right  to participate  in the  General Meeting.  A shareholder, whose shares are
registered  on his/her personal Finnish book-entry account, is registered in the
shareholders' register of the company.

A  shareholder, who is  registered in the  shareholders' register of the company
and  who wants  to participate  in the  General Meeting,  shall register for the
meeting  no later  than on  Friday November  29, 2013 by 10.00 a.m.  by giving a
prior notice of participation. The notice has to be received by the
company before the end of the registration period. Such notice can be given:

a)  on the company's website at www.elektrobit.com, as from November 11, 2013 at
10.00 a.m.
b)  by telephone +358 40 344 3322 or  +358 40 344 5425 on weekdays between 9.00
a.m. and
4.00 p.m.
c) by telefax; +358 8 343 032; or
d)  by  regular  mail  to  the  address Elektrobit Oyj, Yhtiökokous, Tutkijantie
8, 90590 Oulu, Finland.

In  connection with the  registration, a shareholder  shall notify his/her name,
personal  identification number  or business  identity code,  address, telephone
number  and the  name of  a possible  assistant or  proxy representative and the
personal  identification  number  of  a  proxy representative. The personal data
given  to Elektrobit  Corporation is  used only  in connection  with the General
Meeting and with the processing of related registrations.

The  shareholder,  his/her  authorized  representative  or  proxy representative
shall,  where  necessary,  be  able  to  prove  his/her identity and/or right of
representation at the General Meeting.

2. Holders of nominee registered shares


A  holder  of  nominee  registered  shares  has  the right to participate in the
General  Meeting  by  virtue  of  such  shares,  based on which he/she on Friday
November  22, 2013 would  be  entitled  to  be  registered  in the shareholders'
register  of the company held by Euroclear Finland Ltd. The right to participate
in  the General Meeting requires, in addition, that the shareholder on the basis
of  such shares  has been  registered into  the temporary shareholders' register
held  by Euroclear  Finland Ltd  at the  latest on  Friday, November 29, 2013 by
10.00 a.m.   As   regards   nominee   registered  shares  this  constitutes  due
registration for the General Meeting.

A  holder of nominee registered  shares is advised to  request without delay the
necessary  instructions  regarding  registration  in the temporary shareholder's
register,  the  issuing  of  proxy  documents  and  registration for the General
Meeting  from his/her custodian bank. The account management organization of the
custodian  bank has to register a holder of nominee registered shares, who wants
to  participate  in  the  Extraordinary  General  Meeting,  into  the  temporary
shareholders' register of the company at the latest by the time stated above.

Further  information on  the General  Meeting and  participation in  the General
Meeting is available on the company's website www.elektrobit.com.

3. Proxy representative and powers of attorney

A shareholder may participate in the General Meeting and exercise his/her rights
at  the meeting  by way  of proxy  representation. A  proxy representative shall
produce  a dated  proxy document  or otherwise  in a reliable manner demonstrate
his/her right to represent the shareholder. If a shareholder participates in the
General  Meeting  by  means  of  several  proxy representatives representing the
shareholder  with shares at  different securities accounts,  the shares by which
each  proxy  representative  represents  the  shareholder shall be identified in
connection with the registration for the General Meeting.

Possible  proxy  documents  should  be  delivered  in  originals  to the address
Elektrobit  Oyj, Yhtiökokous, Tutkijantie 8, 90590 Oulu, Finland, before the end
of the registration period.

4. Other information

Pursuant  to chapter  5, section 25 of  the Companies  Act, a shareholder who is
present at the General Meeting has the right to request information with respect
to the matters to be considered at
the meeting.

On  the date of this  notice to the General  Meeting November 6, 2013, the total
number of shares and votes in Elektrobit Corporation is 129,720,380.

Oulu, November 6, 2013

EB, Elektrobit Corporation
The Board of Directors


Further information:

Jukka Harju
CEO
Tel. + 358 40 344 5466

Päivi Timonen
Chief Legal Officer, Elektrobit Corporation
Tel. + 358 40 344 2794


Distribution:
NASDAQ OMX Helsinki
Principal media

Elektrobit Corporation (EB)

Elektrobit (EB)
EB creates advanced technology and turns it into enriching end-user experiences.
EB  is specialized  in demanding  embedded software  and hardware  solutions for
wireless  and automotive industries. The net sales from continuing operations in
2012 totaled  MEUR 185.4. Restated net sales from continuing operations in 2012
totaled  EUR  173.9 million.  Elektrobit  Corporation  is  listed  on NASDAQ OMX
Helsinki. www.elektrobit.com


[HUG#1741321]